Research Article | OPEN ACCESS
The Effect of Social Responsibility on Financial Performance of Automotive Companies listed in Tehran Stock Exchange
1Sayed Ali Vaez, 2Ali Hussein Hosseinzadeh and 3Hamid Charbgo
1, 2ShahidChamran University, Ahvaz, Iran
2Deperatment of Accounting, Persian Gulf International Education Center, Islamic Azad University, Arvand, Iran
Research Journal of Applied Sciences, Engineering and Technology 2013 6:974-977
Received: March 19, 2013 | Accepted: April 12, 2013 | Published: June 30, 2013
Abstract
The goal of this study is to study the effect of social responsibility on financial performance of automotive companies listed in Tehran Stock Exchange. For this purpose, 30 managers and accountants companies listed in Tehran Stock Exchange were selected by using simple random sampling and responded to the researcher made questionnaire. Then, the collected data from these questionnaires were analyzed by using bivariate linear regression test and the results indicated that the components of social responsibility including legal, economical, moral and humanitarian responsibilities have positive and significant effect (p<0.01) on financial performance of listed automotive companies in Tehran Stock Exchange.
Keywords:
Automotive companies, financial performance, social responsibility, stock exchange,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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